Hybrid seed are developed artificially by crossing two or more plants of different species. Crossing two different varieties result in development of seed that carries one or more desired traits. Hybrid seeds are majorly used in commercial farming to increase crop yields and to develop disease and climate resistant plants. These seeds are developed by natural methods of cross breeding and they are not genetically modified. Hybrid seeds are majorly used in gardening and farming of flowers and vegetables such as roses, tomatoes, and sweet corn. The advantages of hybrid seeds over conventional seeds are increased yield, early maturity, high heat and cold tolerance, disease and pest resistance, better uniformity, and better fruit quality. High demand for fruits and vegetables from emerging economies is driving growth of the hybrid seeds market.
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Hybrid seeds Market Outlook
In Latin America, Middle East, and Central Europe the hybrid seeds market is growing at a slow rate due to the lack of awareness regarding benefits of hybrid seeds.
Hybrid seeds Market Challenges
However, process involved in preparation of hybrid seed is expensive and complex, which is expected to restrain growth of the market. Furthermore, hybrid seeds are unable to survive in changing climatic conditions and they cannot reproduced once sowed in the field. Moreover, lack of awareness among customers and lack of biotic stress resistant hybrids are the major challenges for growth of the hybrid seed market.
Major players are adopting various organic and inorganic growth strategies to maintain leading position in market. For instance, AgrEvo, a joint venture of Hoechst AG and Schering AG is a market leader in hybrid vegetable seeds. Key players operating in hybrid seeds market include DOW Agro Sciences LLC, E.I Du Pont De Nemours and Company, Monsanto, Syngenta AG, KWS, Advanta Limited, Land O’ Lakes, Inc., Takii & Co. Ltd., Mahyco, and Bostadt India Limited.
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Hybrid seeds Market Taxonomy
On the basis of crop type, the hybrid seeds market is segmented into:
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